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Non-Tech : Kirk's Market Thoughts
COHR 140.12+3.4%1:56 PM EST

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To: GROUND ZERO™ who wrote (808)3/12/2014 12:13:25 PM
From: Kirk ©  Read Replies (2) of 26584
 
More pressure to raise minimum wage:

From Japan:

Major Japanese corporations have agreed to raise base salaries for their workers for the first time in six years, including Toyota (TM), Honda (HMC) and Toshiba (OTCPK:TOSBF). The pay increases signal how Japan's biggest companies are paying heed to the government's exhortations to lift wages as part of the battle against deflation.
The average Toyota Motor Workers’ Union member will earn 2,700 yen ($26) more in base pay per month, Senior Managing Officer Naoki Miyazaki told reporters today. That’s 0.8 percent of last year’s average salary and below the 4,000 yen the union was asking for.

When including the 7,300 yen average increase in pay that workers receive based on seniority or promotions, Toyota said its workers will get a 2.9 percent raise on average.

From the US:

President Obama reportedly plans to issue an executive order that could allow millions more salaried workers to receive overtime by raising the salary threshold at which employers would have to make such payments. Currently, businesses don't have to pay overtime to those earning over $455 a week. Companies might be unhappy about the prospective move, as it could increase costs.
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